Wheaton Precious Metals Q1 revenue soars 91.6%, boosted by silver deal and strong metal prices

Wheaton Precious Metals reported a strong Q1 with revenue up 91.6%, driven by robust gold and silver prices. The recent BHP Antamina silver deal increases its production share to 67.5%, adding $1.0–1.1 billion in high-margin annual revenue and supporting long-term cash flow. Despite a 12% share price dip, the company maintains a premium valuation due to superior growth, profitability, and low debt. Capital allocation focuses on growth and new mining projects, with modest dividends at a 0.48% yield.